Raytheon Company

WASHINGTON (Reuters) - With as much as $1.5 trillion in federal funds hanging in the balance, the mammoth healthcare and defense industries are scrambling to lobby a special congressional committee tasked with slashing the deficit -- but in markedly different ways. The 12-member bipartisan joint "super committee" is expected to focus heavily on both pricey government health insurance programs such as Medicare and Medicaid, and the Pentagon budget, which accounts for about half of non-mandated federal spending. But the similarities end there. The Pentagon is warning of Doomsday if the committee fails to act through a combination of spending reductions and revenue increases,...

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WASHINGTON (Reuters) - With as much as $1.5 trillion in federal funds hanging in the balance, the mammoth healthcare and defense industries are scrambling to lobby a special congressional committee tasked with slashing the deficit -- but in markedly...